Why Duluth Holdings Stock Just Popped 33%

Shares of clothier Duluth Holdings (NASDAQ: DLTH) jumped after management reported a surprise profit this morning. Expected by analysts to report a $0.04-per-share loss for its fiscal third quarter 2019, Duluth instead reported a $0.01-per-share profit. Quarterly sales of $119.8 million likewise exceeded estimates for $115 million.

As of 11:10 a.m. EST, Duluth Holdings shares are trading 33.2% higher.

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Source Fool.com